﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2023v6.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-02-24T13:44:22-06:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>994625061</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>CRI ADVISORS LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1031 W MORSE BLVD SUITE 200</AddressLine1Txt>
        <CityNm>WINTER PARK</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>32789</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>912140465</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THOMAS J VINCENT FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>THOM</BusinessNameControlTxt>
      <PhoneNum>4077183309</PhoneNum>
      <USAddress>
        <AddressLine1Txt>44-447 KANEOHE BAY DR</AddressLine1Txt>
        <CityNm>KANEOHE</CityNm>
        <StateAbbreviationCd>HI</StateAbbreviationCd>
        <ZIPCd>96744</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>RONALD SHAW</PersonNm>
      <PersonTitleTxt>DIRECTOR</PersonTitleTxt>
      <PhoneNum>4077183309</PhoneNum>
      <SignatureDt>2025-11-15</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>1</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>SARAH E MARSHALL CPA</PreparerPersonNm>
      <PTIN>P00748415</PTIN>
      <PhoneNum>4076447455</PhoneNum>
      <PreparationDt>2026-01-28</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>32934295</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>3503020</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>1265255</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>1252205</DividendsNetInvstIncmAmt>
        <GrossRentsRevAndExpnssAmt>420</GrossRentsRevAndExpnssAmt>
        <GrossRentsNetInvstIncmAmt>420</GrossRentsNetInvstIncmAmt>
        <NetRentalIncomeOrLossAmt>420</NetRentalIncomeOrLossAmt>
        <NetGainSaleAstRevAndExpnssAmt>798822</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>2252021</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>798822</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc2001500001">163239</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>0</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>0</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>5730756</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>2051447</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>0</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstAdjNetIncmAmt>0</CompOfcrDirTrstAdjNetIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">4324</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>0</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>0</AccountingFeesChrtblPrpsAmt>
        <InterestRevAndExpnssAmt>39</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>39</InterestNetInvstIncmAmt>
        <InterestAdjNetIncmAmt>0</InterestAdjNetIncmAmt>
        <InterestDsbrsChrtblAmt>0</InterestDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">776</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>776</TaxesNetInvstIncmAmt>
        <TaxesAdjNetIncmAmt>0</TaxesAdjNetIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">62283</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>62283</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>0</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>0</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>67422</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>63098</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>9057316</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>9057316</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>9124738</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>63098</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>9057316</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-3393982</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>1988349</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>1951884</CashBOYAmt>
        <CashEOYAmt>1390563</CashEOYAmt>
        <CashEOYFMVAmt>1390563</CashEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>0</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="RetDoc2210400001">100471</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>101328</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>17346285</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">12729453</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>24924407</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>4018900</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc2044400001">5729934</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>6153998</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>204787</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc2018100001">177453</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>363999</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>23521856</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>20127874</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>32934295</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>600000</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>600000</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>1400000</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>1400000</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>21521856</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>18127874</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>23521856</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>20127874</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>23521856</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>20127874</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>23521856</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-3393982</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>20127874</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>20127874</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY #6657 ST SALES</PropertyDesc>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>1607</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1520</CostOrOtherBasisAmt>
          <GainOrLossAmt>87</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>87</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY #6657 LT SALES</PropertyDesc>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>1087516</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>926124</CostOrOtherBasisAmt>
          <GainOrLossAmt>161392</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>161392</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY #3948 LT SALES</PropertyDesc>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>88609</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>76605</CostOrOtherBasisAmt>
          <GainOrLossAmt>12004</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>12004</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALLIANCE BERNSTEIN K-1 - ST</PropertyDesc>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>561</GrossSalesPriceAmt>
          <GainOrLossAmt>561</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>561</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALLIANCE BERNSTEIN K-1 - LT</PropertyDesc>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>1468</GrossSalesPriceAmt>
          <GainOrLossAmt>1468</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1468</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALLIANCE BERNSTEIN K-1 - 1231</PropertyDesc>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>3461</GrossSalesPriceAmt>
          <GainOrLossAmt>3461</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3461</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VANGUARD #4352 LT SALES</PropertyDesc>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>15894</GrossSalesPriceAmt>
          <GainOrLossAmt>15894</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>15894</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY #3948 LT SALES</PropertyDesc>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>1049519</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>448042</CostOrOtherBasisAmt>
          <GainOrLossAmt>601477</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>601477</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY #3948 LTCG DISTRIBUTIONS</PropertyDesc>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>3386</GrossSalesPriceAmt>
          <GainOrLossAmt>3386</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3386</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALLIANCE BERNSTEIN K-1 - 1256</PropertyDesc>
          <SoldDt>2023-12-31</SoldDt>
          <CostOrOtherBasisAmt>908</CostOrOtherBasisAmt>
          <GainOrLossAmt>-908</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-908</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>798822</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>27638</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>27638</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>27638</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>0</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>0</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <TaxDueAmt>27638</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>1</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>1</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>HI</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>THOMAS J VINCENT</IndividualWithBooksNm>
        <PhoneNum>4077183309</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>44-447 KANEOHE BAY DR</AddressLine1Txt>
          <CityNm>KANEOHE</CityNm>
          <StateAbbreviationCd>HI</StateAbbreviationCd>
          <ZIPCd>96744</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RONALD SHAW</PersonNm>
          <USAddress>
            <AddressLine1Txt>202 N PARK AVE</AddressLine1Txt>
            <CityNm>APOPKA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32703</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>20.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PETER RONEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>46 001 KAMEHAMEHA HWY</AddressLine1Txt>
            <CityNm>KANEOHE</CityNm>
            <StateAbbreviationCd>HI</StateAbbreviationCd>
            <ZIPCd>96744</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JUDITH CHESTER-TOMIYASU</PersonNm>
          <USAddress>
            <AddressLine1Txt>44 445 KANEOHE BAY DR</AddressLine1Txt>
            <CityNm>KANEOHE</CityNm>
            <StateAbbreviationCd>HI</StateAbbreviationCd>
            <ZIPCd>96744</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MANOUCHEHR ELISON</PersonNm>
          <USAddress>
            <AddressLine1Txt>45-773 KAM HWY</AddressLine1Txt>
            <CityNm>KANEOHE</CityNm>
            <StateAbbreviationCd>HI</StateAbbreviationCd>
            <ZIPCd>96744</ZIPCd>
          </USAddress>
          <TitleTxt>VICE DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>THOMAS J VINCENT</PersonNm>
          <USAddress>
            <AddressLine1Txt>44-447 KANEOHE BAY DR</AddressLine1Txt>
            <CityNm>KANEOHE</CityNm>
            <StateAbbreviationCd>HI</StateAbbreviationCd>
            <ZIPCd>96744</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>20.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>HANALANI SCHOOLS</Description1Txt>
        <Expenses1Amt>6210881</Expenses1Amt>
        <Description2Txt>HAWAII PACIFIC UNIVERSITY</Description2Txt>
        <Expenses2Amt>1550000</Expenses2Amt>
        <Description3Txt>MIT - SLOAN</Description3Txt>
        <Expenses3Amt>500000</Expenses3Amt>
        <Description4Txt>YMCA</Description4Txt>
        <Expenses4Amt>485000</Expenses4Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>31515432</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1576611</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>33092043</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>33092043</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>496381</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>32595662</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1629783</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1629783</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>27638</TaxBasedOnInvestmentIncomeAmt>
        <IncomeTaxAmt>34070</IncomeTaxAmt>
        <TotalTaxAmt>61708</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1568075</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>1568075</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>1568075</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>9057316</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>9057316</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1568075</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>73467</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>73477</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>72727</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>72727</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>6999</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>299397</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>9057316</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>1568075</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>7489241</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>7788638</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>73467</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>7715171</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>73477</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>72727</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>72727</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>6999</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>7489241</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HANALANI SCHOOLS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>94-294 ANANIA DR</AddressLine1Txt>
            <CityNm>MILILANI</CityNm>
            <StateAbbreviationCd>HI</StateAbbreviationCd>
            <ZIPCd>96789</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>6210881</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MASSACHUSETTS INSTITUTE OF TECHNOLOGY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>600 MEMORIAL DRIVE W98</AddressLine1Txt>
            <CityNm>CAMBRIDGE</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02139</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>500000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SHRINERS HOSPITAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1310 PUNAHOU ST</AddressLine1Txt>
            <CityNm>HONOLULU</CityNm>
            <StateAbbreviationCd>HI</StateAbbreviationCd>
            <ZIPCd>96826</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>HEALTHCARE</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ALLIANCE BERNSTEIN</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>501 COMMERCE STREET</AddressLine1Txt>
            <CityNm>NASHVILLE</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37203</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>PASSTHROUGH</GrantOrContributionPurposeTxt>
          <Amt>935</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YMCA OF HONLULU</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1441 PALI HIGHWAY</AddressLine1Txt>
            <CityNm>HONOLULU</CityNm>
            <StateAbbreviationCd>HI</StateAbbreviationCd>
            <ZIPCd>96813</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>HEALTHCARE</GrantOrContributionPurposeTxt>
          <Amt>485000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SALVATION ARMY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2950 MANOA ROAD</AddressLine1Txt>
            <CityNm>HONOLULU</CityNm>
            <StateAbbreviationCd>HI</StateAbbreviationCd>
            <ZIPCd>96822</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HAWAII PACIFIC UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1 ALOHA TOWER DRIVE</AddressLine1Txt>
            <CityNm>HONOLULU</CityNm>
            <StateAbbreviationCd>HI</StateAbbreviationCd>
            <ZIPCd>96813</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>1550000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SHAW FAMILY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3067 CECELIA DRIVE</AddressLine1Txt>
            <CityNm>APOPKA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32703</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>300000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>9057316</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1265255</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>420</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <OtherInvestmentIncomeGrp>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>163239</UnrelatedBusinessTaxblIncmAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>798822</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>163239</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>2064497</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>2227736</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>THOMAS J VINCENT</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>44-447 KANEOHE BAY DR</AddressLine1Txt>
          <CityNm>KANEOHE</CityNm>
          <StateAbbreviationCd>HI</StateAbbreviationCd>
          <ZIPCd>96744</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>3503020</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>4324</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>HISTORIC TW INC</BondNm>
        <EOYBookValueAmt>15009</EOYBookValueAmt>
        <EOYFMVAmt>15021</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EASTMAN CHEMICAL CO</BondNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>25106</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WEYERHAEUSER CO (WY)</BondNm>
        <EOYBookValueAmt>25292</EOYBookValueAmt>
        <EOYFMVAmt>25686</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HCA INC</BondNm>
        <EOYBookValueAmt>30039</EOYBookValueAmt>
        <EOYFMVAmt>31015</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AIG LIFE HOLDINGS INC</BondNm>
        <EOYBookValueAmt>50118</EOYBookValueAmt>
        <EOYFMVAmt>51516</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BANK OF AMERICA CORP</BondNm>
        <EOYBookValueAmt>197200</EOYBookValueAmt>
        <EOYFMVAmt>200354</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MBIA INC</BondNm>
        <EOYBookValueAmt>34921</EOYBookValueAmt>
        <EOYFMVAmt>33994</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WEYERHAEUSER CO (WY)</BondNm>
        <EOYBookValueAmt>20176</EOYBookValueAmt>
        <EOYFMVAmt>20865</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GOLDMAN SACHS GROUP INC/THE</BondNm>
        <EOYBookValueAmt>148511</EOYBookValueAmt>
        <EOYFMVAmt>154349</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FRONTIER CALIFORNIA INC</BondNm>
        <EOYBookValueAmt>71069</EOYBookValueAmt>
        <EOYFMVAmt>71206</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MBIA INC</BondNm>
        <EOYBookValueAmt>166330</EOYBookValueAmt>
        <EOYFMVAmt>152880</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SAFEWAY INC</BondNm>
        <EOYBookValueAmt>191495</EOYBookValueAmt>
        <EOYFMVAmt>194750</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FLEETBOSTON FINANCIAL CORP</BondNm>
        <EOYBookValueAmt>125066</EOYBookValueAmt>
        <EOYFMVAmt>134384</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HERTZ CORP/THE</BondNm>
        <EOYBookValueAmt>8</EOYBookValueAmt>
        <EOYFMVAmt>130</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FRONTIER NORTH INC</BondNm>
        <EOYBookValueAmt>41277</EOYBookValueAmt>
        <EOYFMVAmt>42636</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GLOBAL MARINE INC</BondNm>
        <EOYBookValueAmt>250360</EOYBookValueAmt>
        <EOYFMVAmt>223340</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SPRINT CAPITAL CORP</BondNm>
        <EOYBookValueAmt>22103</EOYBookValueAmt>
        <EOYFMVAmt>27104</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NAVIENT CORP</BondNm>
        <EOYBookValueAmt>4778</EOYBookValueAmt>
        <EOYFMVAmt>7585</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MASCO CORP</BondNm>
        <EOYBookValueAmt>10330</EOYBookValueAmt>
        <EOYFMVAmt>11248</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WESTROCK MWV LLC</BondNm>
        <EOYBookValueAmt>21038</EOYBookValueAmt>
        <EOYFMVAmt>23090</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VERIZON PENNSYLVANIA LLC</BondNm>
        <EOYBookValueAmt>139924</EOYBookValueAmt>
        <EOYFMVAmt>150326</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TRANSOCEAN INC</BondNm>
        <EOYBookValueAmt>43668</EOYBookValueAmt>
        <EOYFMVAmt>36216</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VERIZON MARYLAND LLC</BondNm>
        <EOYBookValueAmt>32005</EOYBookValueAmt>
        <EOYFMVAmt>35063</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VERIZON PENNSYLVANIA LLC</BondNm>
        <EOYBookValueAmt>208225</EOYBookValueAmt>
        <EOYFMVAmt>224964</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SPRINT CAPITAL CORP</BondNm>
        <EOYBookValueAmt>23688</EOYBookValueAmt>
        <EOYFMVAmt>30858</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>UNITED STATES CELLULAR CORP</BondNm>
        <EOYBookValueAmt>96499</EOYBookValueAmt>
        <EOYFMVAmt>102022</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ASSURED GUARANTY US HOLDINGS INC</BondNm>
        <EOYBookValueAmt>139910</EOYBookValueAmt>
        <EOYFMVAmt>156957</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GENWORTH HOLDINGS INC</BondNm>
        <EOYBookValueAmt>69105</EOYBookValueAmt>
        <EOYFMVAmt>69116</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LOEWS CORP</BondNm>
        <EOYBookValueAmt>20323</EOYBookValueAmt>
        <EOYFMVAmt>27313</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WESTERN UNION CO/THE</BondNm>
        <EOYBookValueAmt>311861</EOYBookValueAmt>
        <EOYFMVAmt>327616</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BANK OF AMERICA CORP</BondNm>
        <EOYBookValueAmt>715569</EOYBookValueAmt>
        <EOYFMVAmt>841762</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>RJ REYNOLDS TOBACCO CO/NC</BondNm>
        <EOYBookValueAmt>77108</EOYBookValueAmt>
        <EOYFMVAmt>84976</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NATWEST MARKETS NV</BondNm>
        <EOYBookValueAmt>153880</EOYBookValueAmt>
        <EOYFMVAmt>159629</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>UNION CARBIDE CORP</BondNm>
        <EOYBookValueAmt>26743</EOYBookValueAmt>
        <EOYFMVAmt>44199</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CITIGROUP CAPT XIII 10.743 FIX ED 10/30/15 FLOATS AFTER</BondNm>
        <EOYBookValueAmt>2176204</EOYBookValueAmt>
        <EOYFMVAmt>2327535</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>QWEST CORP 6.5% (CTBB)</BondNm>
        <EOYBookValueAmt>70102</EOYBookValueAmt>
        <EOYFMVAmt>35568</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE BONDS - ACCRUED INTEREST</BondNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>53619</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>VGIAX</StockNm>
        <EOYBookValueAmt>179339</EOYBookValueAmt>
        <EOYFMVAmt>231893</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VIGAX</StockNm>
        <EOYBookValueAmt>125183</EOYBookValueAmt>
        <EOYFMVAmt>521049</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VFIAX</StockNm>
        <EOYBookValueAmt>159506</EOYBookValueAmt>
        <EOYFMVAmt>474862</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALLIANCEBERNSTEIN HLDNG L.P (AB)</StockNm>
        <EOYBookValueAmt>2010613</EOYBookValueAmt>
        <EOYFMVAmt>2172100</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALPHABET INC CL A (GOOGL)</StockNm>
        <EOYBookValueAmt>177984</EOYBookValueAmt>
        <EOYFMVAmt>1117520</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALPHABET INC CL C (GOOG)</StockNm>
        <EOYBookValueAmt>177436</EOYBookValueAmt>
        <EOYFMVAmt>1130259</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALTRIA GROUP INC (MO)</StockNm>
        <EOYBookValueAmt>35511</EOYBookValueAmt>
        <EOYFMVAmt>40340</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMERICAN ELEC PWR CO INC (AEP)</StockNm>
        <EOYBookValueAmt>323302</EOYBookValueAmt>
        <EOYFMVAmt>406100</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BEST BUY CO (BBY)</StockNm>
        <EOYBookValueAmt>233937</EOYBookValueAmt>
        <EOYFMVAmt>430540</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BOOKING HOLDINGS INC (BKNG)</StockNm>
        <EOYBookValueAmt>209435</EOYBookValueAmt>
        <EOYFMVAmt>709444</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CAESARS ENTERTAINMENT INC NEW (CZR)</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>5344</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CISCO SYS INC (CSCO)</StockNm>
        <EOYBookValueAmt>105434</EOYBookValueAmt>
        <EOYFMVAmt>202080</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CORTEVA INC (CTVA)</StockNm>
        <EOYBookValueAmt>5944</EOYBookValueAmt>
        <EOYFMVAmt>15957</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DOLLAR TREE INC (DLTR)</StockNm>
        <EOYBookValueAmt>29790</EOYBookValueAmt>
        <EOYFMVAmt>52843</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DOW INC (DOW)</StockNm>
        <EOYBookValueAmt>11606</EOYBookValueAmt>
        <EOYFMVAmt>18262</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DUPONT DE NEMOURS INC (DD)</StockNm>
        <EOYBookValueAmt>17033</EOYBookValueAmt>
        <EOYFMVAmt>25618</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST CITIZ BANCSHARES A (FCNCA)</StockNm>
        <EOYBookValueAmt>178500</EOYBookValueAmt>
        <EOYFMVAmt>895370</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FORD MOTOR CO NEW (F)</StockNm>
        <EOYBookValueAmt>94209</EOYBookValueAmt>
        <EOYFMVAmt>95326</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MILLS INC (GIS)</StockNm>
        <EOYBookValueAmt>191505</EOYBookValueAmt>
        <EOYFMVAmt>227990</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MTRS CO (GM)</StockNm>
        <EOYBookValueAmt>75306</EOYBookValueAmt>
        <EOYFMVAmt>79024</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GSK PLC ADR (GSK)</StockNm>
        <EOYBookValueAmt>99446</EOYBookValueAmt>
        <EOYFMVAmt>88944</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HALEON PLC ADR (HLN)</StockNm>
        <EOYBookValueAmt>22064</EOYBookValueAmt>
        <EOYFMVAmt>24690</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HEWLETT PACKARD ENTERPRISE (HPE)</StockNm>
        <EOYBookValueAmt>15159</EOYBookValueAmt>
        <EOYFMVAmt>33960</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HP INC COM (HPQ)</StockNm>
        <EOYBookValueAmt>24794</EOYBookValueAmt>
        <EOYFMVAmt>60180</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTEL CORP (INTC)</StockNm>
        <EOYBookValueAmt>19103</EOYBookValueAmt>
        <EOYFMVAmt>50250</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JOHNSON &amp; JOHNSON (JNJ)</StockNm>
        <EOYBookValueAmt>135562</EOYBookValueAmt>
        <EOYFMVAmt>188088</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LOCKHEED MARTIN CORP (LMT)</StockNm>
        <EOYBookValueAmt>104975</EOYBookValueAmt>
        <EOYFMVAmt>226620</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LULULEMON ATHLETICA INC (LULU)</StockNm>
        <EOYBookValueAmt>138995</EOYBookValueAmt>
        <EOYFMVAmt>511290</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MERCK &amp; CO INC NEW COM (MRK)</StockNm>
        <EOYBookValueAmt>275482</EOYBookValueAmt>
        <EOYFMVAmt>566904</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>METLIFE INCORPORATED (MET)</StockNm>
        <EOYBookValueAmt>56</EOYBookValueAmt>
        <EOYFMVAmt>4166</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NETFLIX INC (NFLX)</StockNm>
        <EOYBookValueAmt>114285</EOYBookValueAmt>
        <EOYFMVAmt>486880</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PFIZER INC (PFE)</StockNm>
        <EOYBookValueAmt>5756</EOYBookValueAmt>
        <EOYFMVAmt>5758</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PHILIP MORRIS INTL INC (PM</StockNm>
        <EOYBookValueAmt>214313</EOYBookValueAmt>
        <EOYFMVAmt>235200</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PHILLIPS 66 COM (PSX)</StockNm>
        <EOYBookValueAmt>3920</EOYBookValueAmt>
        <EOYFMVAmt>16643</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PPG INDUSTRIES INC (PPG)</StockNm>
        <EOYBookValueAmt>433130</EOYBookValueAmt>
        <EOYFMVAmt>747750</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PROCTER &amp; GAMBLE (PG)</StockNm>
        <EOYBookValueAmt>527945</EOYBookValueAmt>
        <EOYFMVAmt>967164</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>QUALCOMM INC (QCOM)</StockNm>
        <EOYBookValueAmt>30889</EOYBookValueAmt>
        <EOYFMVAmt>72315</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SEMPRA (SRE)</StockNm>
        <EOYBookValueAmt>61486</EOYBookValueAmt>
        <EOYFMVAmt>102828</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SKYWORKS SOLUTIONS INC (SWKS)</StockNm>
        <EOYBookValueAmt>197196</EOYBookValueAmt>
        <EOYFMVAmt>393470</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SONY GROUP CORPORATION ADR (SONY)</StockNm>
        <EOYBookValueAmt>110945</EOYBookValueAmt>
        <EOYFMVAmt>426105</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SOUTH32 LTD ADR (SOUHY)</StockNm>
        <EOYBookValueAmt>4680</EOYBookValueAmt>
        <EOYFMVAmt>5908</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STARBUCKS CORP WASHINGTON (SBUX)</StockNm>
        <EOYBookValueAmt>200532</EOYBookValueAmt>
        <EOYFMVAmt>768080</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SUN LIFE FINL SVCS CDA INC (SLF)</StockNm>
        <EOYBookValueAmt>60980</EOYBookValueAmt>
        <EOYFMVAmt>104861</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WASTE MGMT INC (DELA) (WM)</StockNm>
        <EOYBookValueAmt>269973</EOYBookValueAmt>
        <EOYFMVAmt>895500</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WEYERHAEUSER CO (WY)</StockNm>
        <EOYBookValueAmt>118109</EOYBookValueAmt>
        <EOYFMVAmt>147147</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AG MTGE INV TR 8.25% SERS (MITT.A)</StockNm>
        <EOYBookValueAmt>398901</EOYBookValueAmt>
        <EOYFMVAmt>556245</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMTRUST FINL SRVS INC 7.625%-C (AFSIC)</StockNm>
        <EOYBookValueAmt>365119</EOYBookValueAmt>
        <EOYFMVAmt>266500</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMTRUST FINL SVCS INC 6.75%-A (AFSIA)</StockNm>
        <EOYBookValueAmt>438513</EOYBookValueAmt>
        <EOYFMVAmt>296450</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ASHFORD HOSPITALITY TR 8.45%-D (AHT.D)</StockNm>
        <EOYBookValueAmt>195250</EOYBookValueAmt>
        <EOYFMVAmt>170220</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ASHFORD HOSPITALITY TR INC S-G (AHT.G)</StockNm>
        <EOYBookValueAmt>313567</EOYBookValueAmt>
        <EOYFMVAmt>359841</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CARECLOUD INC 11% CUM PFD CL A (CCLDP)</StockNm>
        <EOYBookValueAmt>17250</EOYBookValueAmt>
        <EOYFMVAmt>7030</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHICKEN SOUP FOR THE SOUL A (CSSEP)</StockNm>
        <EOYBookValueAmt>31039</EOYBookValueAmt>
        <EOYFMVAmt>23128</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ELLINGTON FINL INC 7% SER D (EFC.D)</StockNm>
        <EOYBookValueAmt>9242</EOYBookValueAmt>
        <EOYFMVAmt>10495</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FG FINANCIAL GROUP INC 8% PFD (FGFPP)</StockNm>
        <EOYBookValueAmt>108273</EOYBookValueAmt>
        <EOYFMVAmt>68963</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY 6.875%-F (MS.F)</StockNm>
        <EOYBookValueAmt>414960</EOYBookValueAmt>
        <EOYFMVAmt>375375</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY 7.125%-E (MS.E)</StockNm>
        <EOYBookValueAmt>353140</EOYBookValueAmt>
        <EOYFMVAmt>313313</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SOTHERLY HOTELS INC 8.0% (SOHOB)</StockNm>
        <EOYBookValueAmt>46078</EOYBookValueAmt>
        <EOYFMVAmt>39850</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BARINGS CORPORATE INVS (MCI)</StockNm>
        <EOYBookValueAmt>161295</EOYBookValueAmt>
        <EOYFMVAmt>382607</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BARINGS PARTN INVS SH BEN INT (MPV)</StockNm>
        <EOYBookValueAmt>99483</EOYBookValueAmt>
        <EOYFMVAmt>764228</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOLDMAN SACHS BDC INC (GSBD)</StockNm>
        <EOYBookValueAmt>1134272</EOYBookValueAmt>
        <EOYFMVAmt>952250</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INVESCO QQQ TRUST, SERIES 1 (QQQ)</StockNm>
        <EOYBookValueAmt>1055730</EOYBookValueAmt>
        <EOYFMVAmt>4299960</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES IBOXX INVEST GR COR BD (LQD)</StockNm>
        <EOYBookValueAmt>55993</EOYBookValueAmt>
        <EOYFMVAmt>55330</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc2210400001">
      <USGovtObligationsBookVlEOYAmt>0</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>0</USGovtObligationsEOYFMVAmt>
      <StateLocalSecBookVlEOYAmt>100471</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>101328</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FIDELITY LEVERAGED COMPANY STK (FLVCX)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>31504</BookValueAmt>
        <EOYFMVAmt>32221</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GUGGENHEIM MUNICIPAL INCOME A (GIJAX)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>81600</BookValueAmt>
        <EOYFMVAmt>80080</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD 500 INDX ADMIRAL (VFIAX)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>14349</BookValueAmt>
        <EOYFMVAmt>179374</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD MID CAP GRW IDX ADM (VMGMX)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>50000</BookValueAmt>
        <EOYFMVAmt>72324</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>243</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>243</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER DEDUCTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>515</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>515</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ALLIANCE BERNSTEIN K-1 - ORDINARY LOSS</Desc>
        <RevenueAndExpensesPerBooksAmt>61525</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>61525</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>ALLIANCE BERNSTEIN K-1 - ORDINARY INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>163239</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>TAXES</CategoryTxt>
        <Amt>776</Amt>
        <NetInvestmentIncomeAmt>776</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>